David Hood, CEO of VanillaSoft, describes the company's business model and operating history in sales engagement to Nathan Latka.
0:00 / 0:07exact quote · 7.4s
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“So we've been in this since 2005 before it was really well known. And we're completely reoccurring revenue model.”
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More from David Hood
Insight
Hood: VC inflows force SaaS startups to prioritize fundraising over customers
“But I think the problem when money pours into markets like that is you get actually companies concentrated more on how can they raise money and how can they drive sales and less concentrated on how can they actually deliver value to their customers.”
David HoodFeb 6, 2020▶ 4:331657 How He Grew $10M ARR on Just $500k Raised
Opinion
Hood: Most founders tend to exaggerate their reported revenue figures
“I'm not sure that the revenue figures are exact. I think everyone tends to exaggerate their revenue figures.”
David HoodFeb 6, 2020▶ 13:561657 How He Grew $10M ARR on Just $500k Raised
AssertionNot checkable as stated
Hood: VanillaSoft has surpassed $10 million in ARR
“We're actually north of a ten million AR at this point.”
David HoodFeb 6, 2020▶ 3:041657 How He Grew $10M ARR on Just $500k Raised
Disclosure
Hood: VanillaSoft has raised just $500k total since 2005
“We've probably raised about half a million dollars since the start of the company in 2005.”
David HoodFeb 6, 2020▶ 3:581657 How He Grew $10M ARR on Just $500k Raised
Opinion
Hood: MQLs dumped into traditional CRMs die without sales follow-up
“People are dumping them into CRMs, and quite honestly, they're dying there, and this has been seen over and over again.”
David HoodFeb 6, 2020▶ 2:001657 How He Grew $10M ARR on Just $500k Raised
AssertionNot checkable as stated
VanillaSoft has up to 700 customer organizations and 6,000 paid seats
“So we have about 657 hundred organizations running five, 6000 seats with us right now.”
David HoodFeb 6, 2020▶ 2:471657 How He Grew $10M ARR on Just $500k Raised
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